£1 million interest only mortgage for couple buying family home
Trinity Financial recently arranged a £1 million mortgage for a couple moving up the property ladder and purchasing a new family home.
They asked for help to secure a sizeable interest-only mortgage for their £1.5 million property in Surrey.
They called us after one of our existing clients gave them our contact details.
Did they have a complex situation?
The couple were higher earners and required a four times salary income multiple to secure the mortgage.
One of the applicants was self-employed, while the higher earner worked in banking and received annual bonuses, they were often the same size as their basic salary.
Why did they need our help?
The couple wanted a mortgage lender offering a competitively priced shorter-term fixed-rate willing to put the whole mortgage on interest-only. They also wanted the option to make overpayments but wanted to minimise their monthly costs.
Trinity Financial’s broker approached a lender offering one of the most generous interest-only mortgages. They had a two-year fixed rate with the option to make up to 10% overpayments per annum. Once the application was submitted, the mortgage offer was produced in two weeks.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change.
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